Month: September 2015

The middle class in America is like the housewife who knows her husband is cheating on her but she chooses to ignore it and pretend it will stop. – Anonymous FOD – Friend of Dave’s

The system has been totally hijacked. Make NO mistake about it, gold was hit hard when the paper trading in London cranked up after the SGE had turned off its lights for the day. The reason: Glencore.

Anyone remember Enron? Probably not. Most people have already forgotten, mostly, that their taxpayer dollars were used by ex-Goldman CEO Henry Paulson to bail out Goldman Sachs in 2008 when he was Treasury Secretary. His primary motive was to preserve the value of the $250 million in warrants he still owned after he got to unload $500 million in stock – tax-free. Recently Zerohedge found a snapshot of Paulson laughing about the entire matter.

Glencore is going to make Enron look like a polite tea and cake break. Gold was smashed when paper London opened because the Fed, BoE and ECB can not under any circumstances let the price of gold spike up – like it should be doing – and thereby alert the world that there’s a big problem in the world of derivatives related to Glencore, among other “things” (Emerging Market FX contract, energy, Biotech ETFs, etc).Continue reading →

With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators – some 10 years behind the curve as usual – finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators.

That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany’s Bafin launched a probe into Deutsche Bank for gold and silver manipulation, it has been very clear that the only question is how many banks will end up paying billions to settle the rigging of the gold market (with nobody going to prison as usual, of course).

Earlier today, we learned that the Swiss competition watchdog just became the latest to enjoin the ongoing gold manipulation probe when as Reuters reported, it launched an investigation into possible collusion in the precious metals market by several major banks, it said on Monday, the latest in a string of probes into gold, silver, platinum and palladium pricing.

The ultimate patriotic act is to invest the life savings in Gold & Silver, which does honor to real money, shows disdain for paper merchants who rule the central banks, and forces nations to put forth honest sound money in usage. It is important to recall the 9/11 event, however based in reality, not the official story. Honor should be given to the 2500 victims of the mass murder event. The official story makes far less sense than the Kennedy assassination, while the two events appear to be front and back bookends of the same Fascist takeover of the United States Govt. The Patriot Act was a fascist manifesto, much like the Enabling Act installed in Germany over seven decades ago. The two acts have a 90% correlation and overlap, yet the American public remains largely in the dark on the similarity in template. The USCongress passed the controversial Patriot Act, which has totally opposite direction to patriotism, under threat of anthrax in their ventilation system (rumored to be engineered by the FBI). The creation of the Homeland Security Agency should ring loud gongs about the Gestapo similarities. That the US & London & Swiss bankers are fascists with roots to 1930 fascists should also be brought to public attention. The US bankers on Wall Street actually had loans extended to the German Nazis, a fact the public seems to overlook. Operation Paperclip, which opened the US gates to the several hundred bankers, scientists, and industrial captains should have been a wakeup call to Americans, but they remain asleep. Imagine a nation that makes a mockery of citizens seeking the truth on the event, calling them disparagingly the Truthers. Recall that truth is the enemy of fascist regimes, and the early victim of any war.Continue reading →